History Product Recent Developments Promotion Brand Values
Transcription
History Product Recent Developments Promotion Brand Values
Market To operate a business in today´s conditions of rapid market transformations with literally instant access to information on all available products, in a regulatory and in an administrative environment that is inhospitable and non-stimulating for the entrepreneur, is rather difficult by itself. If the chronically weak purchasing power of the customer who has an undiminished level of demand and, what’s more, the wish to have his or her needs met as optimally as possible is added – then business requires a systematic and innovative approach. The Retro brand did not only successfully adapt to aforementioned conditions, but it also manages to, in a very saturated and open market, increasingly distinguish itself as the leader in its field of activity. Retro is currently developing two concepts parallely in the Bosnia and Herzegovina market, namely Retro Shoes i Retro Home. Retro Shoes offers a wide range of footwear and fashion accessories. The primary goal is to offer fashion-conscious people the best products, with a maximally balanced price-quality ratio. The current retail chain totals 15 branches in Bosnia and Herzegovina and its ambition is to establish retail networks in all cities and places with a population of over 30,000. Retro Home, decoration and gift assortment, is intended for both households and all those business partners with the need or interest to further their offer or present it in a more quality way by creatively incorporating Retro Home products into their concept, thus creating a positive synergetic effect. The retail chain consists of 7 branches and it works rapidly on its further expansion. This concept has been very well received, and it is already in the phase of entering the markets of the neighbouring countries. Besides strengthening its own retail trade, there are serious activities regarding wholesale placement, and a special offer is being created in this respect. Customers are offered a very competitive product based on special design, quality and reasonable prices. Achievements Retro has become a serious and reliable partner, and a strong partnership has been built with well known manufacturers that produce directly for Retro or whose brands are directly distributed by Retro. Direct import constitutes a significant part of the offer and ensures a very competitive market position. Retro insists on independence and flexibility in the preparation of offers in accordance with market assessments. Retro is among the most desirable employers in its branch, with currently 110 employees. This number is increasing rapidly due to the opening of new retail branches. Creating a stimulating and pleasant work climate and good working relationships is understood as a prerequisite for a successful business. History B&B New Look d.o.o. Mostar which was founded in 1997 is a 100% privately owned company and the creator and owner of the Retro brand. Apart from continuously investing in the Retro brand, which includes business under the concepts Retro Shoes and Retro Home, the company also owns three branches which conduct trade with multibrand women`s and men`s apparel in the ‘Kuća Mode’ department store in Mostar where the company is based. Retro Home is a relatively new project, and the first branches were opened in the autumn of 2013. Product RETRO offers its customers a carefully selected assortment of products at the most competitive prices on the market. Retro Shoes, apart from its product line in its shops, also offers products by renowned global brands, such as: Replay, Bullboxer, S.Oliver, Lacoste, Bugatti, Pikolinos, David Jones, 30 SUPERBRANDS Marco Tozzi, Cat, Divine Follie, Biana, Inuovo, Desigual, Doca, Bufalo, Timberland, Jack&Jones, etc. The line of footwear and bags manufactured under the Retro brand, which was exceptionally well accepted and whose prices were maximally adapted to market conditions, stands out in particular. It distinguishes itself through modern and trendy design with excellent manufacturing and material quality. Retro Home assortment is entirely manufactured under the Retro Home brand. A lot of attention and effort is also invested in this young product line which proved to be refreshment to the market, much to the excitement of many customers. Retro Home covers and meets the customers’ huge range of needs, ranging from the smallest decoration items and various household articles of daily use up to large furniture. It also has a market in the business/ entrepreneurial sphere and cooperates excellently with and is complemented by hotels, restaurants, cafes, apartments, motels, various retail and wholesale of consumer goods, architecture firms, flower shops, bookshops, photo studios, etc. with the aim to ensure the customer a more pleasant experience and greater enjoyment while shopping at RETRO. The planning of the expansion of the retail market in the countries of the region as well as further activities for strengthening the gained positions is also underway. Recent Developments Promotion Retro is expanding its retail network at a fast pace so that 8 more branches were opened in 2013. What contributed mostly to this is the opening of the Retro Home shops whose expansion is not yet completed. The Retro assortment is currently available to all customers on our market via online business, namely our two specialised webshop sites, one for Retro Shoes (retroshoes.ba) and one for Retro Home (retrohome.ba). The goods are delivered via courier service to the customer´s address. Efforts are put into building a complete visual of outlets and the whole way of presenting products, The strategy of the promotion of the Retro brand is appropriate and unobtrusive advertisement with an emphasis on the most optimal ratio between goods, price, service and the shopping experience in general. Most attention is paid to the outlets as well as to always putting customers and their needs first. This type of business is followed by regular seasonal sales, however, Retro also organises special promotions adapted to certain occasions, and, apart from that, a certain assortment always awaits the customer during the constant rotating promotions which are always a pleasant surprise for the customers and an additional motivation for them to visit us more frequently. One of the features is the Retro Loyalty Card which, in the very short period of only one year, gained 40,000 members, and this number rises rapidly. What is special about it is that the customer does not get confused with points but rather approves a direct accumulated discount on every purchase, which is not deleted at the end of the year, but carried over to the next year. In accordance with its strategy, Retro very appropriately and seldom sends text messages with a precisely stated and undoubtable advantage for the customer to Loyalty Club members. Brand Values As a result of constantly insisting on excellence and the continuous investment in goods and services, Retro earned the customers´ trust which it tries to justify daily. Retro developed a recognisable image based on innovation and the identification of the needs of various customers’ categories. A socially responsible business and the obtained reputation are the basis of planned future business projects. www.retroshoes.ba www.retrohome.ba Things you didn’t know About... Retro The B&B New Look d.o.o. Mostar company, apart from business operations under the Retro Shoes and Retro Home concept, also engages clothing retail in three shops in the ‘Kuća Mode’ Mostar department store (Boss , Polo, Ralph Lauren , LaCoste , Pierre Cardin, Bugatti, Scotch & Soda, Pepe jeans, Replay, Garcia, Jack˛& Jones, Selected, Vero moda, Only, Vila, Desigual, Jacqueline de Yong, etc.). Customers can shop online at www.retroshoes. ba and www.retrohome.ba with the possibility to purchase on account and with bank cards. Retro subscribed 40,000 members to the Retro Loyalty Programme in one year, and this number grows rapidly. Retro has made an application system available candidates interested in employment may use to apply and become a part of the Retro team. SUPERBRANDS 31